Africa-Press – South-Sudan. South Sudan will be seeking long-term financing from the World Bank and International Monitory Fund IMF.
This was part of the discussion between the two world lenders and the South Sudanese delegation that recently returned from Washington DC.
The South Sudan team was led by Finance Minister Dier Tong Ngor, Central Bank Governor Johnny Ohisa Damian and Undersecretary for Planning Angelo Deng Rehan.
“The IMF is poised to transition from the short-term assistance it has provided South Sudan to a more medium- and long-term credit facility, which the government hopes to achieve by the end of 2023,” Dier noted.
According to Dier, they also updated World Bank and IMF on the development steps South Sudan has been undertaking amidst the ongoing peace implementation process.
“We went there to fulfill our obligations as IMF and World Bank members.
“The purpose of the trip was also to seek funds and technical assistance from global financial institutions to support the government’s projects,” Tong told SSBC upon their arrival.
According to Dier, both the IMF and the World Bank have pledged to assist South Sudan.
The World Bank is also assisting South Sudan in improving major development initiatives such as infrastructure, digital integration, and energy.
“The World Bank has already committed 848 million dollars to a number of government projects involving roads, digital integration with the East African region, energy, agriculture, and water management.”
The World Bank’s Vice President for Eastern and Southern Africa, Victoria Kwakwa, stated last month that the international community was ready to assist South Sudan as long as there was a peaceful climate that would allow the World Bank-supported projects to be implemented.
Source: The City Review South Sudan
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